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USD/JPY notching fresh highs after, 98.00 region in focus

FXstreet.com (New York) – The USD/JPY foreign exchange rate has found itself in the drivers seat Wednesday morning during US trading, establishing session highs as the USD mood gradually swings.

In the United States, Pending Home Sales (MoM) fell -1.3% in July, missing estimates of +0.2%. Moreover, Pending Home Sales (YoY) grew +10.95% in July, compared to +10.90% previously.

At this juncture, the USD/JPY is now notching fresh highs at 97.78 Wednesday, en route to a robust advance of +0.67% above its opening. Briefing the technicals, the USD/JPY remains capped by resistances at 97.85, onto 98.17, and 98.54, calculates the …read more